AutoZone's (AZO) Earnings Top Estimates In Q1, Improve Y/Y
Zacks Investment Research | Dec 09, 2019 09:22PM ET
AutoZone, Inc. (NYSE:AZO) has reported earnings of $14.30 per share in the first quarter of fiscal 2020 (ended Nov 23, 2019), up from the prior-year quarter’s figure of $13.47. Further, the figure surpassed the Zacks Consensus Estimate of $13.69. Net income edged down 0.3% year over year to $350.3 million.
In the reported quarter, net sales increased 5.7% year over year to $2,793 million. The top line also beat the Zacks Consensus Estimate of $2,760.7 million.
Domestic commercial sales totaled $621.5 million, up from the $546.9 million recorded in the year-ago quarter. Domestic same-store sales (sales at stores open at least for a year) were up 3.4% year over year, driven by improved performances of DIY and commercial businesses.
Gross profit increased to $1,501.1 million from the prior-year quarter’s $1,417.4 million. Operating profit also went up to $500 million from the $487.8 million registered in the year-ago period.
AutoZone, Inc. Price, Consensus and EPS Surprise
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